"We've seen what happens when a child gets even a small financial head start - their world expands."
"pro-family initiative that will help millions of Americans harness the strength of our economy to lift up the next generation."
Michael and Susan Dell committed $6.25 billion to seed investment accounts for 25 million U.S. children, providing $250 to each eligible account. The funds will bolster Trump Accounts launched in July under the One Big Beautiful Bill Act, which allows any child under 18 to create an account and permits family contributions up to $5,000 annually invested in diversified, low-cost U.S. stock index funds. Children cannot access the money until adulthood, with some eligible rollovers permitted. The law also invests $1,000 for children born between Jan 1, 2025 and Dec 31, 2028. Accounts become manageable in May 2026. Critics say the program risks aiding wealthy families and reinforcing wealth inequality.
Read at Truthout
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